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QTWO · Q2 Holdings, Inc.

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$73.95 +1.00 (+1.37%) At close · Nov 13
Market Cap
$4.57B
Shares
61.78M
Volume · Nov 13 257.75K Avg daily vol (3M) 677.41K

Price & Indicators

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20d MA 50d MA 200d MA Earnings Filing Insider Congress Investor day
Close$73.95 Open$73.74 Day$73.28–74.49 52W close$42.09–75.62 Avg vol 30d747K Short int4.8M · 7.7% of shares · 5.3d Short vol47% Last earningsOct 28, 2026 DataJan 2020–Nov 2026 Filing10-Q · Oct 28

Up next

Feb 10, 2027 Est · unconfirmed · in 12 wks

Latest documents

2026
Oct 28
Earnings call
Q3 2026 earnings call

Q2 Holdings appointed Jonathan Price as Co-Chief Executive Officer while retaining him as CFO pending a successor search. Full-year 2026 revenue guidance increased to $888 to $892 million, and adjusted EBITDA guidance increased to $253 million to $256 million.

Read from the first part of this long document
Oct 28
Quarterly report 10-Q FY2026 Q3, ended Sep 30
Quarterly report for FY2026 Q3

Q2 reported Registered Users of 28.5 million and Total ARR of $988.6 million as of September 30, 2026, versus 27.0 million and $888.4 million as of September 30, 2025; its Board authorized $350.0 million of additional repurchases in July 2026.

Revenue $225.77M ▲ 11.9% Net income $33.22M ▲ 120.8% Diluted EPS $0.52 ▲ 126.1%
Read from the MD&A section
Oct 28
Current report 8-K
Financial results

Q2 Holdings, Inc. reported third-quarter 2026 revenue of $225.8 million, GAAP net income of $33.2 million and adjusted EBITDA of $67.8 million, raised full-year 2026 guidance, and appointed Jonathan Price Co-Chief Executive Officer effective October 29, 2026.

All documents

Metrics snapshot

Useful current figures from the complete screener profile.

Revenue (TTM)
$870.26M
Trailing 12 months
Net income (TTM)
$110.16M
Trailing 12 months
Revenue growth YoY
+11.9%
Year over year
Operating margin
12.4%
Trailing 12 months
P / E (TTM)
43.5
Trailing earnings · reciprocal yield 2.3%
FCF yield
5.1%
TTM · current market cap
Return on invested capital
19.1%
Trailing 12 months
Net cash
$122.99M
Latest balance sheet
Dividend yield
—
Trailing 12 months
Shares change YoY
-9.1%
Year over year · fewer shares
Price change (1Y)
+3.1%
Trailing year
Short interest
7.7%
Latest settlement · 5.3 days to cover
View all 125 metrics

AI Brief

Q3 FY26 earnings call · Oct 28, 2026
Q3 FY26

TL;DR. Q2 delivered 12% revenue growth, a record 30% adjusted EBITDA margin and $55 million of free cash flow, raised full-year 2026 guidance, and advanced subscription ARR, backlog, customer wins and AI adoption. It reiterated its 2027 outlook and appointed Jonathan Price as co-CEO, while discretionary services, higher R&D costs and the slow fintech/Helix backdrop remained headwinds.

Bullish
  • + Q2 raised its full-year 2026 revenue, adjusted EBITDA and subscription-revenue-growth guidance. new
Bearish
  • − Discretionary services revenue remained under pressure. new
  • − Higher research and development spending increased operating expenses year over year. new
  • − The fintech and Helix growth backdrop remained slow, and meaningful traction had not yet developed in traditional financial institutions. new
  • − Non-subscription revenue was expected to decline slightly in Q4 and remain roughly flat for full-year 2026. new

AI-generated from the earnings call and 8-K · may contain errors · not investment advice

Equibles Rating

blended score · not investment advice
Overall
Buy
SellHoldBuy
Technical Strong Buy Momentum Very Strong Sentiment Neutral Fundamentals Excellent Quant / Vol High
Market backdrop VIX 19.3 · elevated Equity put/call 0.63
Technical
price trend
Strong Buy
50 / 200-day cross No cross
Price vs 200-day avg +35%
above
Price vs 50-day avg +17%
above
RSI (14) 66
neutral
MACD trend Positive
52-week position 95%
near high
Volume (OBV) Confirms
volume backs price
Momentum
relative strength
Very Strong
1-month return +19%
trailing
6-month return +63%
trailing
YTD return +2%
this year
Relative strength +62%
vs S&P · 6-mo
Sentiment
smart money
Neutral
Trend (MA cross) No cross
50d $63 › 200d $55 — 50d above 200d
Institutional flow Accumulating
312 of 333 funds reported for Sep 30 · net +79.3K sh shares · +60 new
Insider flow Distributing
Net -$38.8K over 90 days · 100% sells
Short interest Falling
7.73% of shares out · ▼ -2.8% MoM · 5.3 days cover
Volume signal Normal
Volume near normal
Institution breadth Steady
333 holders — mid 3-yr range
Squeeze score 65
elevated · 0–100
Fundamentals
Excellent
Revenue growth +29%
Y/Y
Gross margin 222%
contracting
EPS growth +225%
Y/Y
Free cash flow $194.7M
Valuation P/E 43.5
in line
Buyback $336.1M
remaining
Balance sheet $64.3M
net cash
Quant / Vol
risk profile
High
Volatility 43%
annualized · 1-yr
Max drawdown −44%
past year
ATR 3.2%
of price · 14-day

Blended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.

Guidance & track record

Beat or met 7 of last 7
Latest guidance · from the Earnings Call filed Jul 29, 2026
Revenue · full year 2026 Raised $881M – $886M
Apr 29, 2026 $875M – $882M changed to Jul 29, 2026 $881M – $886M
prior FY $794.81M midpoint +11.2% Y/Y
Subscription revenue growth expectation · full year 2026 14.5%
Adjusted EBITDA · full year 2026 Non-GAAP Raised $244M – $248M
Apr 29, 2026 $237M – $242M changed to Jul 29, 2026 $244M – $248M
Previous outlook earlier release · from the 8-K filed Feb 11, 2026

Still-open targets the latest release did not restate under the same label.

Adjusted EBITDA margin · full-year 2026 26%
Non-GAAP gross margin · through 2030 65%
Adjusted EBITDA margin · year-end 2030 35%
Prior guidance period ended · from the Earnings Call filed Jul 29, 2026
Revenue · third quarter $218.5M – $222.5M
Adjusted EBITDA · third quarter $58.5M – $61.5M
Third-quarter adjusted EBITDA · third quarter 2026 $58.5M – $61.5M
Guided vs delivered · last 7 settled
Revenue third quarter
guided $218.5M – $222.5M
$225.77M Beat +2.4%
Total revenue second quarter of 2026
guided $214M – $218M
$219.77M Beat +1.7%
Total revenue first quarter of 2026
guided $212.5M – $216.5M
$216.51M Beat +0.9%
Total revenue fourth quarter of 2025
guided $202.4M – $206.4M
$208.22M Beat +1.9%

Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.

Technicals

trend & momentum for long-term holders Strong Buy
0 · 3 · 4
50 / 200-day cross
No cross Neutral
Price vs 200-day avg
+35% Bullish
Price vs 50-day avg
+17% Bullish
RSI (14)
66 Neutral
MACD trend
Positive Bullish
52-week position
95% Bullish
Volume (OBV)
Confirms Neutral
Market signals — smart money & positioning
Bullish · 2 of 6
Trend (MA cross) No cross
50d $63 › 200d $55 — 50d above 200d
Institutional flow Accumulating
312 of 333 funds reported for Sep 30 · net +79.3K sh shares · +60 new
Insider flow Distributing
Net -$38.8K over 90 days · 100% sells
Short interest Falling
7.73% of shares out · ▼ -2.8% MoM · 5.3 days cover
Volume signal Normal
Volume near normal
Institution breadth Steady
333 holders — mid 3-yr range
Price context
position in its 52-week range
Range low $42 Now $74 · 95% Range high $76
vs 200-day avg +35% vs 50-day avg +17%

Illustrative technical + ownership context — a signal mix, not investment advice.

Key metrics

Earlier KPI extraction records exist, but do not meet the current evidence-completeness requirements. No current verified series is available. Earlier figures remain withheld until revalidated; this is not evidence that the company reports no KPIs.

Versus peers

Software - Application — same industry group
Open screener →
Company Mkt cap YTD Rev growth Y/Y P/E Short % shares
QTWO
Q2 Holdings, Inc.
this stock
$4.57B +2.5% +29.1% 43.5 7.7%
SAP
Sap SE
$271.12B -3.3% — — 0.2%
QH
QUHUO Ltd
$268.05B +181.9% +59.7% — 0.0%
SHOP
Shopify Inc.
$189.23B -8.6% +30.1% 89.2 1.5%
CRM
Salesforce, Inc.
$179.28B -17.8% +25.9% 19.9 3.2%

Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding

At a glance

key data from every section
Ownership
Institutional Holders Accumulating
Holders
371
% held
107.3%
Reported
312 of 333
Top holder
BlackRock, Inc.
Held Float
View
Held by Funds
Fund positions
400
View
Short & Settlement
Short Interest Falling
Shares short
4.8M
Days to cover
5.3d
Change
-137.1K sh
View
Short Volume
Short vol %
47%
As of
Nov 13, 2026
Short Total
View
Fails to Deliver
FTD shares
6
Value
$352
As of
Oct 9, 2026
View
Off-Exchange
Off-exchange %
38.4%
Week of
Oct 5, 2026
Off-exch Lit
View
Smart Money
Insider Trades Net selling
Net (90d)
-$38.8K
Buyers / Sellers
0 / 1
Buyers Sellers
View
Congressional Trades Sell
Member
Daniel Goldman
Amount
$1.0K–$15.0K
Traded
Apr 10, 2023
View
Financials
Financials
Revenue (FY)
$794.8M
Net income (FY)
$52.0M
EPS diluted
$0.80
View
Buybacks
Remaining
$336.1M
View
Filings
SEC Filings
Latest
8-K
Filed
Oct 28, 2026
This year
11

Q2 Holdings, Inc. reported third-quarter 2026 revenue of $225.8 million, GAAP net income of $33.2 million and adjusted EBITDA of $67.8 million, raised full-year 2026 guidance, and appointed Jonathan Price Co-Chief Executive Officer effective October 29, 2026.

View
Proposed Sales
Value
$200.0K
Shares
2.7K
Filed
Nov 12, 2026
View
Earnings & Events
Webcasts
Last webcast
Oct 28, 2026
View
Investor Relations
Latest news
Q2 Recognized as a Top Workplace…
Published
Nov 12, 2026
View

Performance

5D 20D 120D MTD YTD
QTWO +0.0% +19.4% +62.8% +10.2% +2.5%
SPY +2.6% -1.2% +0.5% -0.2% +10.6%
vs SPY -2.6% +20.6% +62.3% +10.4% -8.1%

Capital returns

Buyback program · as of Sep 30, 2026
Authorized
—
Spent (derived)
—
Remaining
$336.10M

Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.

Key facts CIK 1410384 CUSIP 74736L109 13F (30d) 296 filings 266 filers Visit website Investor relations